Press release
2024 Cleantech 50 to Watch List Highlights Promising Early-Stage Companies in Global Cleantech Innovation
Victor Ndiege the CEO, Kenya Climate Ventures is on the Expert Panel for the 2024 Cleantech 50 to Watch
As an expert panelist, we assist Cleantech Group with identifying innovators that are pushing the boundaries of technology, business models, and market adoption to drive significant change
SAN FRANCISCO, CA — October 16, 2024 – Cleantech Group, a leading global authority in global cleantech innovation, is proud to announce the release of its prestigious 2024 Cleantech 50 to Watch. The annual list highlights 50 early-stage companies from across the globe that are creating groundbreaking solutions to address some of the world’s most pressing environmental and sustainability challenges. Victor Ndiege was honored to be part of the Expert Panel and we contributed our insight and recommendations to round out the final list.
A Platform for Emerging Leaders
In its sixth year, the Cleantech 50 to Watch list continues to spotlight innovators that are leading the charge in the fight against climate change, resource depletion, and environmental degradation.
“In a continuation from last year’s trend, the spread of companies receiving investment continues to get “younger”, i.e., early-stage deals are a larger percentage of the overall activity,” said Anthony DeOrsey, Research Manager at Cleantech Group and Executive Editor of the list.
“We can start to see new layers of climate priorities crystallizing in the themes that innovators are targeting — look closely at the themes of grid resilience, textiles, plastics, and ammonia for some early indications.”
“As a proud participant on the Expert Panel for the Cleantech 50 to Watch, I am inspired by the innovative spirit of these early-stage companies. Their groundbreaking solutions are essential in addressing the urgent environmental challenges we face today. At Kenya Climate Ventures, we remain committed to empowering gender-inclusive, climate-smart enterprises that not only drive sustainable growth but also create lasting impact in our communities, Victor Ndiege CEO, Kenya Climate Ventures”
Key Sectors & Trends
The 2024 list reflects several key sectors and trends that are currently at the forefront of cleantech innovation with sample companies who made the Cleantech 50 to Watch:
Agriculture & Food: 3 companies in 3 countries
Energy & Power: 13 companies in 10 countries
Materials & Chemicals: 19 companies in 8 countries
Resources & Environmental Management: 4 companies in 4 countries
Transportation & Logistics: 2 companies in 2 countries
Waste & Recycling: 9 companies in 6 countries
A Rigorous Selection Process
The companies featured on the Cleantech 50 to Watch list were selected through a rigorous process that involved nominations from a global expert panel of investors, industry experts, and cleantech professionals, as well as in-depth analysis by Cleantech Group’s research team. The final selection was based on a range of criteria, including the potential impact of the company’s technology, the strength of its business model, the quality of its leadership team, and the scalability of its solution.
Expert Panel
The Cleantech 50 to Watch Expert Panel is made up of over 30 early-stage innovation experts. The panel is diverse in geography, age, background and is at gender parity.
We are proud to contribute our nominations and inputs to help reach a final list of the most up and coming early-stage innovators.
About Kenya Climate Ventures
Kenya Climate Ventures Limited is a climate impact, gender lens investment company, de-risking early and growth stage gender inclusive climate smart enterprises. KCV provides tailored, patient, and affordable capital combined with business growth support to early – stage and growth – stage climate smart enterprises in Kenya, supporting them gain market traction and attract follow – on capital to bridge and sustaining business growth, market systems improvement and sustainable impact in rural, peri – urban, and humanitarian markets in Kenya and now seeking to scale its model in Kenya and the region.
About Cleantech Group
Cleantech® Group is a research-driven company that helps corporates, public sector, investors and others, identify, assess, and engage with the innovative solutions and opportunities that are related to the world’s massive, and growing, environmental and climate challenges. Our insights and expertise are delivered to clients all over the world through our Research, Consulting, and Events. We have been the leading authority on global cleantech innovation since 2002.
